en2019-09-15T12:27:50+00:00The Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis Frameworkhttps://www.bankofcanada.ca/2003/04/working-paper-2003-12/
The authors study the macroeconomic consequences of large military buildups using a New Neoclassical Synthesis (NNS) approach that combines nominal rigidities within imperfectly competitive goods and labour markets. They show that the predictions of the NNS framework generally are consistent with the sign, timing, and magnitude of how hours worked, after-tax real wages, and output actually respond to an upsurge in military purchases.2003-04-01T16:37:55+00:00enThe Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis Framework2003-04-01Business fluctuations and cyclesEconomic modelsFiscal PolicyWorking Paper 2003-12 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-12.pdfThe Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis FrameworkAlain PaquetLouis PhaneufNooman RebeiApril 2003EE3E32E6E62HH2Bank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policyhttps://www.bankofcanada.ca/2003/04/working-paper-2003-9/
The authors use a dynamic general-equilibrium model to study the role financial frictions play as a transmission mechanism of Canadian monetary policy, and to evaluate the real effects of exogenous credit shocks. Financial frictions, which are modelled as spreads between deposit and loan interest rates, are assumed to depend on economic activity as well as on credit shocks.2003-04-01T11:27:17+00:00enBank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policy2003-04-01Financial InstitutionsMonetary policy frameworkTransmission of monetary policyWorking Paper 2003-9 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-9.pdfBank Lending, Credit Shocks, and the Transmission of Canadian Monetary PolicyJoseph Atta-MensahAli DibApril 2003EE3E32E4E5E51